Capstone Receives Orders for 20 Microturbines as German CHP Market Sees Significant Growth
CHATSWORTH, Calif., Oct. 6, 2015 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world's leading clean technology manufacturer of microturbine energy systems, announced today that it received orders for a C200 and 19 C65 microturbines for multiple combined heat and power (CHP) projects in Germany.
E-Quad Power Systems GmbH, Capstone's German distributor, secured the orders, which will be rolled out over the next six months. Due to the rising volume of CHP orders in the region, E-Quad has relocated to a new, larger facility to better handle the growth of the German CHP market.
The C200 microturbine will be installed at a large-scale industrial laundry facility as part of a joint steam production project with SAACKE Group, a worldwide manufacturer of tailored boiler and process firing plants. The steam project will serve as SAACKE Group's tenth project to incorporate Capstone microturbines for steam generation.
The C65 microturbines will be installed at various manufacturing and oil and gas production sites throughout Germany, providing CHP benefits for each. With special incentives from the German government around small CHP installations up to 50kW, the Capstone C65 will prove to be a promising investment in clean energy.
According to the 2013 European Cogeneration Review for Germany, the German government has set itself a binding CHP target of 25 percent of total power production by 2020. These commitments by the German government, along with the recent decision to phase out nuclear energy by 2022, have created a favorable landscape for the CHP sector. The German CHP market is still the largest in Europe and accounts for more than 20 percent of all cogenerated electricity in EU-27 Member States.
"E-Quad has identified the growth patterns in Germany and capitalized on the rising adoption rate of CHP systems in key sectors," said Jim Crouse, Executive Vice President of Sales and Marketing at Capstone Turbine. "Germany is a highly technical market and customers appreciate the advanced technology Capstone provides for their CHP applications," added Crouse.
About Capstone Turbine Corporation
Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST) is the world's leading producer of low-emission microturbine systems and was the first to market commercially viable microturbine energy products. Capstone Turbine has shipped over 8,500 Capstone Microturbine systems to customers worldwide. These award-winning systems have logged millions of documented runtime operating hours. Capstone Turbine is a member of the U.S. Environmental Protection Agency's Combined Heat and Power Partnership, which is committed to improving the efficiency of the nation's energy infrastructure and reducing emissions of pollutants and greenhouse gases. A UL-Certified ISO 9001:2008 and ISO 14001:2004 certified company, Capstone is headquartered in the Los Angeles area with sales and/or service centers in the New York Metro Area, United Kingdom, Mexico City, Shanghai and Singapore.
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Released October 6, 2015